Uniswap's UNI token has shown signs of technical improvement, particularly after maintaining its position above the crucial support level of 500. This development has sparked interest among traders as they analyze potential price movements, and the source reports that many are optimistic about its future trajectory.
Recent Price Action and Support Zone
The recent price action indicates that UNI's structure has strengthened, with 500 now serving as a significant support zone. Prior to the recent rebound, momentum indicators were in an oversold condition, suggesting that a relief rally was on the horizon.
Key Levels and Resistance
Traders are closely monitoring key levels, with support identified between 500 and 485 while near-term resistance is seen in the 560-580 range. Maintaining a position above the 560 mark following the upcoming vote is essential for preserving the bullish outlook for UNI.
SEI has recently shown signs of recovery, capturing traders' attention as it bounces above the critical 20-Day Moving Average. This development contrasts with Uniswap's UNI token, which is currently stabilizing above its support level. For more details, see further information.
